Wells Fargo analyst Michael Turrin raised the firm’s price target on Autodesk (ADSK) to $380 from $375 and keeps an Overweight rating on the shares. The firm notes the company’s Q3 was clean and above expectations on all major metrics, building on prior Q2 momentum. FY26 core billings and revenue guides both +1.5ppts at MP, with margin outlook also moving higher, which Wells sees as a breath of fresh air in a tough software backdrop.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADSK:
- Autodesk’s Promising Growth and Attractive Valuation Earns Buy Rating from Analyst
- Autodesk’s Strong Q3 Performance and Positive Outlook Justify Buy Rating
- Autodesk price target raised to $390 from $385 at Barclays
- Autodesk: Strong Performance and Upward Guidance Amid Cautious Outlook and Execution Risks
- Autodesk upgraded to Buy from Hold at Deutsche Bank